Advait Energy Transitions Limited has officially confirmed its selection as the L1 bidder for Dakshin Gujarat Vij Company Limited's (DGVCL) significant power infrastructure contract. The company received formal bid confirmation on April 9, 2026, and notified stock exchanges on April 10, 2026, pursuant to SEBI regulations.

Contract Specifications

The project involves a comprehensive turnkey contract for the supply, installation, testing, and commissioning of 11KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) systems with accessories. The infrastructure development falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme, a government initiative focused on tribal community welfare and development.

Project Scope and Implementation

The turnkey contract encompasses the complete implementation of 11KV Medium Voltage Control Center infrastructure in DGVCL's jurisdiction area. The scope includes supply, installation, testing, and commissioning of MVCC systems with accessories, while DGVCL will provide PSC/RSJ poles as specified in the contract terms.

Regulatory Compliance and Next Steps

Advait Energy Transitions has fulfilled its disclosure obligations under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company indicated that detailed information required under Regulation 30 will be provided through separate announcements once the Letter of Intent or Award is formally received from DGVCL.

Strategic Significance

This contract confirmation strengthens Advait Energy Transitions' position in Gujarat's power infrastructure sector and demonstrates the company's competitive capabilities in securing government-backed utility projects. The 11KV MVCC systems represent critical components for electrical distribution networks, providing essential control and protection for medium voltage power distribution in the region.

Advait Energy Transitions Limited has completed the winding up of its wholly owned subsidiary Advai Energy Holdings AS, with the liquidation process finalized on March 31, 2026. The company informed the stock exchanges through a regulatory filing under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Liquidation Details

The Norwegian subsidiary has been completely wound up and liquidated as of March 31, 2026. The company filed the necessary intimation with BSE Limited and National Stock Exchange of India Limited on April 2, 2026, providing comprehensive details of the liquidation process.

Financial Impact Assessment

The subsidiary's financial contribution to the parent company was minimal at the time of liquidation. The entity recorded zero turnover for FY 2024-25 and maintained a negative net worth position.

Regulatory Compliance

The liquidation was conducted as a voluntary winding up process, with no consideration received for disposal of shares. The company will receive approximately NoK 7,059 after deducting bank charges and other applicable fees upon closure of relevant bank accounts. The filing was signed by Company Secretary and Compliance Officer Deepa Fernandes, ensuring full regulatory compliance with SEBI requirements.